XML 21 R7.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 824 $ (137,859) $ 85,634
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 174,896 224,109 219,608
Property and equipment impairment expense 0 188,601 0
Goodwill impairment expense 0 23,624 0
Deferred income tax expense (benefit) 3,663 (33,336) 27,840
Amortization of deferred financing origination and debt issuance costs 504 438 359
Stock‑based compensation 16,946 17,288 14,450
Provision for credit losses 0 0 34
Loss (gain) on disposal of assets and businesses, net 12,179 (4,925) 34,293
Unrealized (gain) loss on short-term investment (2,355) (105) 2,538
Business acquisition contingent consideration adjustments (4,900) (2,600) 0
Changes in operating assets and liabilities:      
Accounts receivable (4,759) 51,498 (12,408)
Other current assets 913 (2,301) (831)
Inventories 2,840 1,543 (6,017)
Prepaid expenses (2,177) 1,327 (6,143)
Accounts payable 9,573 (64,501) (11,429)
Accrued and other current liabilities 23,460 (10,506) 26,814
Net cash provided by operating activities 231,607 252,295 374,742
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (186,316) (140,297) (370,869)
Business acquisitions, net of cash acquired 0 (21,038) (22,215)
Proceeds from sale of assets 23,505 6,236 8,957
Proceeds from note receivable from sale of business 13,000 0 0
Net cash used in investing activities (149,811) (155,099) (384,127)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from borrowings 0 0 30,000
Repayments of borrowings 0 0 (15,000)
Payments of finance lease obligations (18,513) (17,676) (4,663)
Repayments of equipment financing term loans (3,571) 0 0
Repayments of insurance financing (4,510) (970) 0
Payment of financing origination and debt issuance costs (2,807) 0 (1,179)
Payment of business acquisition deferred cash consideration (6,773) 0 0
Tax withholdings paid for net settlement of equity awards (4,200) (1,909) (3,543)
Share repurchases 0 (59,108) (51,738)
Payment of excise taxes on share repurchases (531) (444) 0
Net cash used in financing activities (40,905) (80,107) (46,123)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 40,891 17,089 (55,508)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of year 50,443 33,354 88,862
CASH AND CASH EQUIVALENTS — End of year $ 91,334 $ 50,443 $ 33,354